The commitments make up one of the biggest areas of spending in the federal budget unveiled Thursday, though the plans rely heavily on cooperation with other levels of government and the private sector."Over the next 10 years, we will double the number of new homes we build. This must become a great national effort, and it will demand a new spirit of collaboration," Finance Minister Chrystia Freeland said in her forward to the budget.
Other measures include $150 million for affordable housing in Northern Canada over the next two years, more than $600 million for new and existing programs to address homelessness, and just over $1 billion for a variety of home energy efficiency initiatives, including loans and grants for greener affordable housing.
The country is also under pressure to cool an overheated market after prices climbed by more than 20 per cent since last year to hit a record $816,720 in February, while rental rates have also been rising.
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Politics Briefing: Federal budget to promise $10-billion to make housing more affordableAlso: Budget will also provide new defence spending, and aim to spur economic growth through green initiatives and a small-business tax cut This housing plan is a joke. It hands our keys to the Chinese. Housing can be made affordable if interest rates were set above the inflation rate. Time to normalize and allow capitalism to function efficiently. The liberal government is classic for making it look grand. Average house has doubled. Down payment is 20 percent of 800k which is the average price of a house. Who has that kind of money? Can't fix stupid. They don't give a shit about most Canadians
Source: globeandmail - 🏆 5. / 92 Read more »
Federal budget 2022 to include $10-billion for affordable housingFinance Minister Chrystia Freeland will also unveil a small business tax break, green initiatives and $8-billion in new military spending 100k new homes means nothing if the urban planning around them isn't walk/transport-centric and the economy is still asset based. how much of those homes are allocated towards affordability projs and NOT lotteries? I see the LiberalsNDP are espousing thier propaganda blaming housing prices on foreign buyers. It was LiberalsNDP largese forCERBEI had people sitting on money started bidding war's for housing INFLATION.BoC low interest rate had people borrowing money for housing and renovations All the people who had to pay way too much for their homes over the last 5 years are going to love subsidizing other people’s house too.
Source: globeandmail - 🏆 5. / 92 Read more »
Budget 2022: Housing supply gets $10B boost; feds add measures to curb speculationThe Liberal government will try to ease Canada’s housing crisis with more than $10 billion in funding meant to speed up home construction and repairs as well as through a ban on home buying by foreign investors and tax measures to reduce speculation, while at the same time adding help for those trying to get into the market. This is not immediate but over 10 years. No clear plan for immediate or in the very near future. Maybe working with the banks and have different tiers of interest rate based on the number of mortgages. It is too cheap to borrow money for these investors to buy houses and jack up rent price. ACCOMMODATION / FOOD & the NATURE are not GOODS ( Socrates ) DIRECT_Democracy The Citizen Legislator
Source: CP24 - 🏆 30. / 67 Read more »
Federal budget 2022 to include $10-billion for affordable housingFinance Minister Chrystia Freeland will also unveil a small business tax break, green initiatives and $8-billion in new military spending 100k new homes means nothing if the urban planning around them isn't walk/transport-centric and the economy is still asset based. how much of those homes are allocated towards affordability projs and NOT lotteries? I see the LiberalsNDP are espousing thier propaganda blaming housing prices on foreign buyers. It was LiberalsNDP largese forCERBEI had people sitting on money started bidding war's for housing INFLATION.BoC low interest rate had people borrowing money for housing and renovations All the people who had to pay way too much for their homes over the last 5 years are going to love subsidizing other people’s house too.
Source: globeandmail - 🏆 5. / 92 Read more »
Politics Briefing: Federal budget to promise $10-billion to make housing more affordableAlso: Budget will also provide new defence spending, and aim to spur economic growth through green initiatives and a small-business tax cut This housing plan is a joke. It hands our keys to the Chinese. Housing can be made affordable if interest rates were set above the inflation rate. Time to normalize and allow capitalism to function efficiently. The liberal government is classic for making it look grand. Average house has doubled. Down payment is 20 percent of 800k which is the average price of a house. Who has that kind of money? Can't fix stupid. They don't give a shit about most Canadians
Source: globeandmail - 🏆 5. / 92 Read more »